Rackspace Technology, Inc. (RXT) financial statements (2022 and earlier)

Company profile

Business Address 1 FANATICAL PLACE
SAN ANTONIO, TX 78218
State of Incorp. DE
Fiscal Year End December 31
SIC 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments273105
Cash and cash equivalents273105
Receivables554483
Prepaid expense110124
Other current assets5247
Total current assets:990759
Noncurrent Assets
Finance lease, right-of-use asset369368
Operating lease, right-of-use asset162171
Intangible assets, net (including goodwill)4,1734,407
Goodwill2,7072,761
Intangible assets, net (excluding goodwill)1,4671,646
Contract with customer, asset, net1314
Other noncurrent assets177156
Other undisclosed noncurrent assets445503
Total noncurrent assets:5,3395,619
TOTAL ASSETS:6,3296,378
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:370285
Employee-related liabilities105111
Interest and dividends payable2827
Other undisclosed accounts payable and accrued liabilities237148
Deferred revenue9977
Debt8884
Other liabilities4189
Other undisclosed current liabilities241207
Total current liabilities:837742
Noncurrent Liabilities
Long-term debt and lease obligation3,7713,796
Long-term debt, excluding current maturities3,3113,319
Finance lease, liability345358
Operating lease, liability115118
Liabilities, other than long-term debt344396
Deferred revenue1414
Deferred income tax liabilities206237
Other liabilities124146
Other undisclosed noncurrent liabilities4960
Total noncurrent liabilities:4,1644,252
Total liabilities:5,0014,994
Stockholders' equity
Stockholders' equity attributable to parent1,3271,384
Common stock22
Additional paid in capital2,5002,364
Accumulated other comprehensive income (loss)7(19)
Accumulated deficit(1,182)(963)
Total stockholders' equity:1,3271,384
TOTAL LIABILITIES AND EQUITY:6,3296,378

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
Revenues3,0102,707
Cost of revenue(2,073)(1,723)
Gross profit:937984
Operating expenses(959)(960)
Other undisclosed operating income20 
Operating income (loss):(3)25
Nonoperating expense(247)(337)
Interest and debt expense(38)(72)
Loss from continuing operations before equity method investments, income taxes:(287)(384)
Other undisclosed income from continuing operations before income taxes3872
Loss from continuing operations before income taxes:(249)(312)
Income tax benefit3166
Net loss available to common stockholders, diluted:(218)(246)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net loss:(218)(246)
Comprehensive loss:(218)(246)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent26(31)
Comprehensive loss, net of tax, attributable to parent:(193)(276)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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